Welcome to Thomas Insights — every day, we publish the latest news and analysis to keep our readers up to date on what’s happening in industry. Sign up here to get the day’s top stories delivered straight to your inbox.
A developer of electric transit and commercial vehicles plans to establish its first U.S. manufacturing facility in Northeast Arkansas, company officials announced.
Envirotech, which produces purpose-built electric vans and trucks for logistics fleets, school districts, and other transportation services, said it would invest $80 million to implement “state-of-the-art” manufacturing operations in a 580,000-square-foot facility in Osceola, Arkansas.
The complex would initially handle outfitting and shipping of Envirotech vehicles imported from other factories, but officials said the company would also begin installing equipment to establish a complete manufacturing operation within five years. The project is expected to create more than 800 jobs; the company said hiring would begin “immediately.”
Executives credited the decision in part to the area’s local workforce and the site’s proximity to port facilities on the Mississippi River.
“We are thrilled to announce that we have chosen Osceola as the home of our first U.S.-based manufacturing facility, backed with the support of the Great River Economic Development Foundation and the state of Arkansas,” Envirotech CEO Phillip Oldridge said in a statement. “We are confident that Osceola has the perfect business climate and local workforce to allow us to see growth and success in the region as the state’s first commercial electric vehicle manufacturer.”
Image Credit: buffaloboy / Shutterstock.com